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Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Pakistan is seeking a USD 6 billion to USD 8 billion bailout package from the global lender for three to four years, to deal with its financial crisis,

The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.(AFP)
Published on May 18, 2024 02:56 PM IST

Brazil urges additional aid after $10 Billion plan to combat floods

The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul.

Military personnel help people crossing a boat from Arroio do Meio to Lajeado, over the Forquilha river(AFP)
Published on May 17, 2024 12:21 AM IST
Bloomberg |

‘Artificial intelligence hitting labour forces like a tsunami’: IMF chief

Artificial intelligence is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world in the next two years, Georgieva said.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF).(Bloomberg)
Published on May 14, 2024 01:45 AM IST
Reuters |

IMF says its mission will visit Pakistan this month to discuss new loan

PAKISTAN-ECONOMY/IMF:IMF says its mission will visit Pakistan this month to discuss new loan

IMF says its mission will visit Pakistan this month to discuss new loan
Updated on May 05, 2024 06:31 PM IST
Reuters |

IMF approves final $1.1 billion tranche for Pakistan's bailout package

Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after the current standby arrangement expires this month.

The funding is the second and last tranche of a $3 billion standby arrangement with the IMF (Reuters/File)
Published on Apr 30, 2024 05:56 AM IST
Reuters |
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